WidePoint (NYSEAMERICAN:WYY) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of WidePoint (NYSEAMERICAN:WYY) in a research report report published on Wednesday morning. The brokerage issued a hold rating on the technology company’s stock.

WidePoint Price Performance

Shares of NYSEAMERICAN WYY opened at $2.92 on Wednesday. The stock’s fifty day moving average is $3.70. WidePoint has a 1-year low of $1.83 and a 1-year high of $6.25. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock has a market cap of $28.62 million, a PE ratio of -9.42 and a beta of 1.70.

Institutional Investors Weigh In On WidePoint

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership purchased a new position in shares of WidePoint in the fourth quarter worth $75,000. Jane Street Group LLC purchased a new position in WidePoint in the 4th quarter worth $101,000. Private Advisor Group LLC raised its stake in WidePoint by 29.2% in the 4th quarter. Private Advisor Group LLC now owns 31,000 shares of the technology company’s stock worth $150,000 after acquiring an additional 7,000 shares during the last quarter. Truvestments Capital LLC acquired a new stake in WidePoint during the 4th quarter worth about $186,000. Finally, Essex Investment Management Co. LLC grew its stake in WidePoint by 9.9% during the 4th quarter. Essex Investment Management Co. LLC now owns 50,699 shares of the technology company’s stock valued at $245,000 after purchasing an additional 4,547 shares during the last quarter. 22.60% of the stock is currently owned by hedge funds and other institutional investors.

WidePoint Company Profile

WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. It offers TMaaS solutions through a secure federal government certified proprietary portal and secure enterprise portal that provides ability to manage, analyze, and protect communications assets, as well as deploys identity management solutions that provides secured virtual and physical access to restricted environments.